Funding round
Anduril Series F
Anduril, which works in defense technology solutions development in Costa Mesa, raised $1.50B in a Series F round announced on 7 Aug 2024, led by Founders Fund and Sands Capital, at a $14.00B post-money valuation. 7 firms took part, 4 of them already investors. It is Anduril's fifth venture round on record; the one before was a Series E in Dec 2022.
$1.50B
Amount raised
$14.00B
Post-money valuation
$12.50B pre-money
7
Investors
2 leads
1.7x
Step-up from the Series E
$8.48B in Dec 2022
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Anduril at $14.00B after the new money, 1.7 times the $8.48B of its Series E (Dec 2022). The $1.50B bought investors about 11% of the company. It came 20 months after Anduril's Series E. It is 13% of the $11.26B Anduril has raised in the venture rounds on record. Anduril raised again 8 months later: a Series G round of $2.50B in Apr 2025. Its next priced round, a Series H+ in May 2026, valued it at $61.00B.
Anduril's funding rounds
Anduril has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 11 Sep 2019 $127M$1.00B post-money
- Series C 1 Jul 2020, led by Andreessen Horowitz $200M$1.90B post-money
- Series D 17 Jun 2021, led by Elad Gil $450M$4.60B post-money
- Series E 1 Dec 2022, led by Valor $1.48B$8.48B post-money
- Grant not a venture round 22 May 2024 $14M
- Series F this round 7 Aug 2024, led by Founders Fund and Sands Capital $1.50B$14.00B post-money
- Series G 15 Apr 2025 $2.50B
- Series H+ 13 May 2026, led by Thrive Capital and Andreessen Horowitz $5.00B$61.00B post-money
Investors
Who put money in
Founders Fund and Sands Capital led the round with 5 other firms. Founders Fund, Sands Capital, Altimeter and Franklin Venture Partners had backed Anduril before.
Lead investors
- Founders Fund backs 368 venture-backed companies existing investor
- Sands Capital backs 71 venture-backed companies existing investor
Also in the round
- Fidelity Management & Research Co. new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- Baillie Gifford new investor
- Altimeter backs 67 venture-backed companies existing investor
- Franklin Venture Partners existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Aerospace and Defence, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shield AI Aerospace and Defence | 15 Apr 2025 | $240M | $5.30B | not named |
| Relativity Space Aerospace and Defence | 1 Nov 2023 | $1.05B | not disclosed | not named |
| Tech Companies | 8 Aug 2024 | undisclosed | not disclosed | Apax Partners |
| Clio Tech Companies | 23 Jul 2024 | $900M | $3.00B | New Enterprise Associates |
| Alan Insurance - Agents, Carriers & Brokers | 23 Sep 2024 | $193M | $4.50B | Belfius |
| Tech Companies | 27 Sep 2024 | $90M | $1.46B | not named |
| Health Care Services | 1 Jul 2024 | $88M | not disclosed | Claure Group |
| Form Energy Batteries | 9 Oct 2024 | $405M | not disclosed | T. Rowe Price |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Anduril raise in its Series F round?
Anduril raised $1.50B in its Series F round, announced in Aug 2024.
Who led Anduril's Series F round?
Founders Fund and Sands Capital led it, with Fidelity Management & Research Co., Morgan Stanley, Baillie Gifford, Altimeter and Franklin Venture Partners.
What was Anduril's valuation at the Series F round?
$14.00B post-money ($12.50B pre-money).
Did Anduril raise again after this round?
Yes: a Series G round in Apr 2025 of $2.50B.